Okay, time to take that big red Sharpie out: the Verizon iPhone will officially be on sale in Apple and Verizon stores on February 10th at 7am. Mark those calendars, and set your alarms. Updated:

Pre-orders will begin tomorrow online through both the Apple Store and Verizon. Then, on February 9th, you'll be able to order your phone for delivery or reserve one for in-store pickup the next day. It's first come, first served—and sounds like they may not have enough for everybody—so make sure you come first.

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Update: We've heard from Best Buy that they'll also have a supply of Verizon iPhones on Feb. 10th, also first come first serve.

CUPERTINO, Calif.—(BUSINESS WIRE)—Apple® today announced an exclusive opportunity for Verizon Wireless' 94 million customers to pre-order iPhone® 4 online beginning on Thursday, February 3 through the Apple Store® (www.apple.com) and at www.verizonwireless.com/iphone. Due to high demand, customer orders will be fulfilled on a first come, first served basis.

Beginning on Wednesday, February 9, all qualified customers will be able to order an iPhone 4 on Verizon through the Apple Store (www.apple.com) for delivery or reserve for in-store pick up beginning February 10.

Beginning at 7 a.m. local time on Thursday, February 10, iPhone 4 on Verizon will be available to all qualified customers at Apple's retail stores. iPhone 4 will also be available at more than 2,000 Verizon Wireless Communication Stores nationwide.

iPhone 4 is the most innovative phone in the world, featuring Apple's stunning Retina™ display, the highest resolution display ever built into a phone resulting in super crisp text, images and video, and FaceTime®, which makes video calling a reality. iPhone 4 also features a 5 megapixel camera with LED flash, HD video recording, Apple's A4 chip and a beautiful glass and stainless steel design like no other mobile phone. Verizon Wireless customers will also enjoy new Personal Hotspot capabilities allowing them to use iPhone 4 to connect up to five Wi-Fi enabled devices.

Pricing & Availability

iPhone 4 on the Verizon Wireless network will be available for a suggested retail price of $199 for the 16GB model and $299 for the 32GB model with a new two year agreement. iPhone 4 will be available through the Apple Store (www.apple.com), at Apple's retail stores and Apple Authorized Resellers. iPhone 4 will also be available at more than 2,000 Verizon Wireless Communication Stores nationwide, online at www.verizonwireless.com/iphone, select retail partners, and by calling 1-800-2 JOIN IN.